This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $97,842 initial cash invested.
-3.57%
Cash On Cash
5.89%
Cap Rate
0.93
DSCR
$3,504
Rent
-$291
Cashflow
Cash Flow
$3,504 income − $3,795 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$380k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,842
Downpayment
20%
$76,040
Closing costs
1%
$3,802
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,504
Total Expenses
$3,795
Mortgage P&I
58%
$2,016
Property Taxes
12%
$416
Home Insurance
4%
$136
HOA
1%
$37
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385